Construction has started on 49 acres of property at the corner of Md. 26 and Worman’s Mill Road that will bring new houses, restaurants and retailers to the city of Frederick.
Market Square at Frederick is a new development adjacent to the Clemson Corner Shopping Center, which opened last year with Wegmans, Lowe’s and Marshalls.
“We’re tapping into the north side of Frederick,” said Jeff Topchik, leasing director with JBG Rosenfeld Retail, a retail real estate company in Chevy Chase developing the property. “This is a great piece of the Frederick market that has been under served.”
He said it will be the first mixed-use development in Frederick city, meaning Market Square includes a mix of housing and commercial businesses, such as restaurants.
Jason Moore, construction manager, describes the project as a mixed-use development of 275 townhouses, 18 single-family homes and 179,000 square feet of restaurants and retail.
Construction began on the development in June and at this time 15 homes have sold.
To handle traffic in the area as a result of both Clemson Corner and Market Square, developers for both projects completed traffic studies that were approved by the Maryland State Highway Administration, said Charlie Gischlar, a spokesman for SHA, in an email.
“Both developers are required to build capacity improvements, turn lanes, etc., in the Md. 26 corridor to mitigate traffic associated with the new development,” Gischlar said. “Market Square has an access permit to construct intersection improvements at Md. 26 and Worman’s Mill Road as well as a right-turn lane on westbound Md. 26 to Worman’s Mill Road.”
Four restaurants — Buffalo Wild Wings, Noodles & Company, IHOP and McDonald’s — have signed leases to open at Market Square. Sport & Health and Bank of America also have signed agreements to lease space.
The businesses are expected to begin opening this summer, according to a news release.
“We have another 60,000 to 70,000 square feet of space available,” Moore said.
The homes, built by Beazer and Ryan/NVR, recently have started selling, and some retail space is expected to open by summer.
The home prices start at about $210,000.
Planning for the development of Market Square started 12 years ago, Topchik said. But building was delayed because of the recession and the fact that the city was dealing with its first mixed-use development.
Richard Griffin, director of the city’s Office of Economic Development, said they welcome Market Square to the northern end of the city.
“We think the fact that the area is growing services and retail in that sector is a sign that there is health and prosperity in that area,” he said. “After years of planning it’s nice to see it come to fruition. It also represents jobs and revenue to the community.”
Griffin said the fact that Market Square is a mix of houses and retail will allow residents to work close to where they live.
“It provides jobs and services in close proximity to where people live and work,” he said. “It gets cars off the road.”
Frederick County Commissioners’ President Blaine R. Young (R) said the project is exciting for the county.
“There is a lot of good things going on in Frederick County and the city,” he said. “This [Clemson Corner and Market Square] reminds me of the Westview Promenade.”
Westview Promenade off Md. 85, also known as Buckeystown Pike, is an open-air center with upscale stores, dining and the Regal Theater Cinemas.
Market Square also is being developed by Stanford Properties and Buvermo Investments, both in Bethesda.